The Adani group has paid back at least $3 billion in the March quarter. This move was to allay the concerns of investors and creditors. It helped to lower the promoter-group pledges and settle bonds with three domestic mutual funds. Additionally, the group’s market capitalization rose to $144 billion this year. Despite the ongoing pandemic, the group is positive and working towards reducing debt. Its long-term goal is to make its businesses debt-free. The Adani Group is a conglomerate that operates in areas such as ports, logistics, energy, agribusiness, and defense sectors.
Adani Group Pays $3 Billion In Q1 To Settle Debts
The Adani group paid back at least $3 billion in the March quarter, lowering promoter-group pledges and settling bonds with three domestic mutual funds to allay the concerns of investors and creditors, two people with direct knowledge of the...
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